At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state of the economy, Friday’s jobs report was much more opaque than everyone had hoped. While “it’s hard not to like a lot of jobs,” as economist Dean Baker told CNN, other contents of the May jobs report add to the pile…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla has claimed in a court filing that a proposed $5.2bn award for lawyers who mounted a successful challenge to Elon Musk’s pay package is grossly excessive and that they deserve only…

Starbucks is teaming up with Grubhub as it tries to boost sales after a challenging quarter. The coffee chain said on Thursday that most of its beverages and food will be available through the delivery provider starting in June. Today, the partnership is live in Pennsylvania, Colorado and Illinois and…

Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.A takeover battle has intensified over the US ammunition group that owns the Remington brand, as investment firm MNC Capital raised its unsolicited offer in an effort to disrupt a $2bn…

General Mills, the manufacturer of Cheerios and other well-known cereals, is being sued by eight Black employees working at a Georgia plant who say it’s rampant with racism under the control of its White managers. In the federal lawsuit filed June 2, the employees accuse the managers at the Covington…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Canada’s central bank has cut its main interest rate, making it the first G7 nation to loosen monetary policy in the current cycle.The Bank of Canada lowered its policy rate to 4.75…

Sales of new electric vehicles have started to slow, but the opposite is happening with used EVs. A combination of factors has led to increases in both the number of used electric vehicles available to purchase and the number of people looking to buy them. The reasons include tax breaks,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.To question the dominance of Narendra Modi and his Bharatiya Janata party once seemed unthinkable. But voters in the world’s largest democracy have denied the leader a third consecutive parliamentary majority.Modi will…

Fast fashion giant Shein, founded in China, is taking steps for going public in the United Kingdom, according to multiple media reports, in what would likely provide a shot in the arm for London’s ailing main stock exchange. The online retailer is preparing to file a prospectus with the UK’s…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in GameStop surged more than 60 per cent early on Monday after a post on Reddit purported to show that Keith Gill, also known as Roaring Kitty, had built a position…